Winnebago Industries, Inc. (NYSE:WGO) SVP Sells $690,271.68 in Stock

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) SVP Bret A. Woodson sold 12,187 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the transaction, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Winnebago Industries Stock Up 1.9 %

Shares of NYSE WGO traded up $1.07 during trading on Friday, reaching $57.11. The company had a trading volume of 653,050 shares, compared to its average volume of 772,604. Winnebago Industries, Inc. has a 12-month low of $49.68 and a 12-month high of $75.42. The stock has a market cap of $1.65 billion, a PE ratio of 190.37 and a beta of 1.60. The business's 50-day moving average is $57.59 and its 200 day moving average is $58.30. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.61). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company had revenue of $720.90 million during the quarter, compared to analysts' expectations of $718.72 million. During the same period in the prior year, the company posted $1.59 earnings per share. The company's revenue was down 6.5% on a year-over-year basis. As a group, equities analysts forecast that Winnebago Industries, Inc. will post 3.67 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a $0.34 dividend. This is a boost from Winnebago Industries's previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, September 11th. Winnebago Industries's dividend payout ratio is currently 453.35%.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors have recently modified their holdings of WGO. GAMMA Investing LLC boosted its position in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company's stock valued at $27,000 after buying an additional 316 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company's stock valued at $41,000 after buying an additional 286 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Winnebago Industries during the second quarter valued at $45,000. EntryPoint Capital LLC purchased a new stake in shares of Winnebago Industries during the first quarter valued at $75,000. Finally, nVerses Capital LLC purchased a new stake in shares of Winnebago Industries during the second quarter valued at $76,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on WGO. Benchmark reduced their target price on Winnebago Industries from $75.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. Robert W. Baird reduced their target price on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Truist Financial reduced their price target on Winnebago Industries from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Citigroup increased their price objective on Winnebago Industries from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, July 12th. Finally, BMO Capital Markets decreased their price objective on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $67.14.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.